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04/01/2012
Nissan Breaks UK Car Production Record
Car manufacturer Nissan has broken the UKs car manufacturing record, producing 480,485 vehicles at its Sunderland plant last year.
The output level was an increase of 14% from 2010 and a new record for a single UK car plant.
Nissan's vice president for production, Kevin Fitzpatrick, said the company limited disruption from the Japanese earthquake and tsunami by cancelling some overtime work, extending the Easter holidays and shortening the Christmas break.
The news comes in contrast to figures released on Wednesday that show British manufacturing closed 2011 with its worst quarter in over two years.
The Markit/CIPS Manufacturing Purchasing Managers' Index rose to 49.6 in December from an upwardly revised 47.7 in November, data compiler Markit said.
Markit said that, over the fourth quarter as a whole, the PMI reading suggested the sector registered its worst performance since the second quarter of 2009, when Britain was mired in recession.
According to news service Reuters, other business surveys published on Tuesday escalated the gloomy mood among Britain's companies. A poll by consultancy firm Deloitte showed that company CFOs expected the economy to fall back into recession and stay weak for a prolonged period.
(DW)
The output level was an increase of 14% from 2010 and a new record for a single UK car plant.
Nissan's vice president for production, Kevin Fitzpatrick, said the company limited disruption from the Japanese earthquake and tsunami by cancelling some overtime work, extending the Easter holidays and shortening the Christmas break.
The news comes in contrast to figures released on Wednesday that show British manufacturing closed 2011 with its worst quarter in over two years.
The Markit/CIPS Manufacturing Purchasing Managers' Index rose to 49.6 in December from an upwardly revised 47.7 in November, data compiler Markit said.
Markit said that, over the fourth quarter as a whole, the PMI reading suggested the sector registered its worst performance since the second quarter of 2009, when Britain was mired in recession.
According to news service Reuters, other business surveys published on Tuesday escalated the gloomy mood among Britain's companies. A poll by consultancy firm Deloitte showed that company CFOs expected the economy to fall back into recession and stay weak for a prolonged period.
(DW)
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Oxford plant hits Mini milestone
The new-look Mini celebrated a milestone today as the half-millionth vehicle rolled off the production line in Oxford today. Since production began at the BMW plant in 2001 more than 375,000 of the 500,000 Minis have been exported, boosting the British manufacturing sector.
Oxford plant hits Mini milestone
The new-look Mini celebrated a milestone today as the half-millionth vehicle rolled off the production line in Oxford today. Since production began at the BMW plant in 2001 more than 375,000 of the 500,000 Minis have been exported, boosting the British manufacturing sector.
27 June 2003
UK economy growth dips sharply
According to the latest figures from the Office of National Statistics the UK economy grew by only 0.1% in the first quarter of this year, down from 0.5% in the preceding quarter. The unexpectedly sharp dip was evident across many key business sectors and confounded analysts’ expectations of a 0.2% growth figure.
UK economy growth dips sharply
According to the latest figures from the Office of National Statistics the UK economy grew by only 0.1% in the first quarter of this year, down from 0.5% in the preceding quarter. The unexpectedly sharp dip was evident across many key business sectors and confounded analysts’ expectations of a 0.2% growth figure.
26 January 2010
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
26 April 2005
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
17 April 2003
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
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